North Jersey Rejects Casino Expansion Referendum

On November 8th, the same day as US citizens took to the polls to elect their next president, voters in New Jersey also held an important referendum on whether to expand casino gambling in the state beyond the city of Atlantic City. In the end, however, eight out of every ten voters opted to reject the proposal, laying the controversial issue to bed for at least another two years.
In total, the two campaigning sides spent $24 million on promoting their opposing views on whether to allow two more casinos to be built more than 72 miles outside of Atlantic City. On the one hand, Gov. Chris Christie and most of New Jersey’s lawmakers supported the idea, while on the other, casino interests and Atlantic City officials were determined to maintain their city’s monopoly of the state’s gambling market.
According to some analysts, three more of Atlantic City’s casinos may have been forced out of business had the referendum succeeded, while a positive vote may also have hampered the revival of Revel, which is expected to reopen as ‘TEN’ in the first quarter of 2017. Following the referendum’s result, Bill Cortese, Director of Trenton’s Bad Bet, one of the main organizers of the keep gambling in Atlantic City campaign, commented:
“We are glad to see the overwhelming support across New Jersey opposing casino expansion. Today’s vote is an important step for Atlantic City’s return to becoming a world-class resort destination. We are gratified by the overwhelming defeat of this initiative.”
Unsurprisingly, 94% of Atlantic City voters rejected a casino expansion to the north of New Jersey. Likewise, all 21 of the state’s counties also voted to shoot down the proposal, including North Jersey, itself.
In the meantime, Atlantic City casinos have been enjoying somewhat of a revival lately, having generated $2 billion in casino revenues for the first nine months of 2016, higher by 1.6% versus the same period of time last year. Furthermore, online gambling revenues are currently $144.5 million, compared to $149 million for the whole of 2015.

Poker News
Mississippi Casinos Post Record Revenue in April as Sports Betting Beckons
04 Jun 2018
Mississippi’s casinos generated gross gaming revenue of $184 million in April, or 5% more compared to the same month in 2017. Furthermore, that total represents an all-time high for the state, and is 1.3% more than the previous record set in 2007 when thousands of volunteers entered Mississippi to assist in cleanup efforts post-Hurricane Katrina.
Switzerland Prepares For June 10th Legalized iGambling Referendum
04 Jun 2018
On June 10th, Switzerland will hold a national referendum to decide whether the ‘Money Gaming Act’ passed by the Swiss Parliament in September 2017 can be implemented next year in its present form. The piece of legislation paves the way for land-based casinos and local partners to offer legalized online gambling in Switzerland, although a
MGM Resorts International Buys NY's Empire City Casino for $850 Million
02 Jun 2018
Real estate and entertainment conglomerate MGM Resorts International has revealed that it’s embarking on a purchase of Empire City Casino, a slots and pari-mutuel wagering venue located in Yonkers, N.Y., just a few miles north of Manhattan. The deal was announced May 29 in a press release, and is expected to be completed near the
Delaware to Launch Full-Scale Sports Betting on June 5th
02 Jun 2018
Last month’s decision by the US Supreme Court to overturn the sports betting ban in the country has opened the floodgates for individual states to legalize and regulate sports wagering within their borders. Before its decision was even made, though, a number of states had already put in place the necessary legislation in order to